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GRE 1: Q151 V148
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Verbal Expert
Joined: 18 Apr 2015
Posts: 28660
Own Kudos [?]: 33141 [0]
Given Kudos: 25178
Send PM
Manager
Manager
Joined: 02 Sep 2019
Posts: 181
Own Kudos [?]: 142 [0]
Given Kudos: 94
Concentration: Finance
GRE 1: Q151 V148
GPA: 3.14
Send PM
Re: A vintage clothing dealer bought x shirts at c dollars each [#permalink]
1
Carcass wrote:
Because you did not think logically or thinking a real-world scenario

The cost of an item or the revenue is always the quantity \(\times\) the price

I would say: sell 10 TV $1000 each I gain $10,000. Pretty straight

Now, the profit is = revenue - costs, and the difference I charge over the sell is the mark-up

If x is the quantity

C is the price to buy them

R is the price I made selling them.

Of course, my profit what I gain is the quantity x \(\times\) the selling price minus the buy price

I buy 10 apples one dollar each I spend 10 dollars

I sell 10 apples for 1.5 dollars so my gain is 15

My revenue is 10 apples at 15 dollars in total with my profit of 5 dollars.

\(x(r-c)\)

Why did you used algebra ?? makes no sense


I hope this helps


The answers are given on variables, so i thought it is quickest to solve it in algebraic way.
However, I may went off of using the algebra and make it complicated.
Need work on that and the time management too.
Thank Carcass for the explanation. really appreciate the effort of you in this forum.
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Re: A vintage clothing dealer bought x shirts at c dollars each [#permalink]
Expert Reply
Thank you for your kind words.

When you study for exams such as the GRE your tattoo, engraved in your mind must be the following description: you must pick the right answer in the fastest way possible,

Go straight and NOT overcomplicate the things or make unuseful calculations.

In this specific case the only thing you had to use is NOT algebra, maybe pick some number to see what is going on and substitute in the answer choices.

However, if you look at the question and think really critically the question can be solved in 10 seconds

That is the lesson you should learn from this question/discussion

regards
Prep Club for GRE Bot
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